CIIL was established in 2013 to enable the development and construction of off-farm regional irrigation infrastructure where it identifies irrigation scheme proposals that have the potential to generate long-term economic benefits from irrigation for New Zealand.
Transition to an investment management focused business
A change in government direction, following New Zealand’s 2017 general election, gave rise to a number of changes in government priorities, including in relation to government funding and support for water storage and distribution projects through CIIL.
Therefore, CIIL has transitioned from an investment origination focused business to an investment management focused business. CIIL continues to manage its four investments, but is no longer taking any new applications for further investments.